Supply Chain Security Market Insights, Forecast to 2030 | Valuates Reports

Supply Chain Security Market

According to a new report published by , titled, "Supply Chain Security Market," The supply chain security market was valued at $2 billion in 2021, and is estimated to reach $6.3 billion by 2031, growing at a CAGR of 12.6% from 2022 to 2031.

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Report Scope
The Supply Chain Security Market is likely to experience a significant growth rate of 12.6% from 2022-2031 owing to increasing market demand for retail and e-commerce industry -
Supply chain security refers to the measures and strategies that are put in place to ensure the safety, integrity, and continuity of the supply chain of goods and services from the point of origin to the point of consumption. It encompasses a range of security practices aimed at mitigating risks and preventing disruptions, including theft, counterfeiting, natural disasters, cyber-attacks, and other threats. Supply chain security involves implementing physical and cyber security measures to safeguard products and data, ensuring supply chain visibility and traceability, and conducting risk assessments to identify and mitigate potential vulnerabilities. This includes implementing measures to ensure the integrity and safety of products, protecting against unauthorized access to sensitive information, and ensuring supply chain visibility and traceability.
Growing demand for transparency and sustainability is driving the supply chain security market growth. Supply chain security is a critical component of transparency and sustainability, as it helps to ensure that products are produced ethically and sustainably throughout the supply chain. Moreover, companies that can demonstrate transparency and sustainability in their supply chains are increasingly seen as more trustworthy and are often rewarded with customer loyalty and a positive brand reputation. Therefore, this is a major factor driving the supply chain security market growth. In addition, the increasing complexity and globalization of supply chains is a major driver for the supply chain security market. Furthermore, as supply chains become more complex, they also become more vulnerable to cyber threats, counterfeiting, and theft. Therefore, companies need to implement supply chain security measures to protect their products, data, and reputation. This includes implementing security protocols and procedures, such as secure transportation and storage, data encryption, and cyber threat monitoring, as well as investing in technologies such as blockchain and IoT to enhance supply chain visibility and control.

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Segment by Component
● Hardware
● Software
● Services

Segment by Security Type
● Data Protection
● Data Visibility and Governance
● Others

Segment by Enterprise Size
● Large Enterprises
● Small and Medium-sized Enterprises

Segment by Industry Vertical
● Healthcare
● Manufacturing
● Transportation and Logistics
● Others
● FMCG
● Retail and E-commerce

By Companies
IBM Corporation
NXP Semiconductors
Cold Chain Technologies
Check Point Software Technologies Ltd
Controlant
Emerson Electric Co
Omega Compliance
Sailpoint Technologies Inc
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This release was published on openPR.